Supercar group Ferrari announces up to 7 per cent hike in the UK

12 October 2017 | By Purvai Dua

Source: @Photoshot

Says part of regular price updates

Just days after announcing plans of launching a sports utility vehicle model, the Italian supercar maker Ferrari today announced a hike of up to seven per cent in the starting prices of all but two of its models in Britain.

Ferrari confirmed the hike to Autocar stating that from 1 January, UK dealerships for the Maranello car maker will ask for seven per cent more on V8 models and four per cent more for V12s.

The price increases will also affect customers with cars currently on order that are not due to make production before that date.

The premium supercar maker also clarified that the hike was not related to the weakness of the pound or economic uncertainty, but were part of regular price updates: “The UK is also the only market Ferrari offers a four-year warranty on its cars. Everywhere else is three years,” the group spokesman said.

Earlier this week, the supercar boss Sergio Marchionne had confirmed the speculation that Ferrari NV will make its first SUV model and will take about 30 months to decide on production, media reports suggest.

“We’re dead serious about this,” Marchionne had said, adding,: “We need to learn how to master this whole new relationship between exclusivity and scarcity of product, then we’re going to balance this desire to grow with a widening of the product portfolio.”